August 5, 2008

House Lights: Well, so much for the letters B, M, and G

And then there were four.

The BBC has reported that Sony BMG Music Entertainment will be dropping the "BMG" part of their name soon, after offering to buy Bertelsmann's share (roughly 50%) for some USD 1.2 billion.

The result will be known henceforth as Sony Music Entertainment, Inc., and will have its headquarters in the States. Regulatory hurdles still need to be cleared first, of course.

Like you'd care today. Like I'd care.

That won't repair the damage the music industry has done to itself, by itself. But you knew that.

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